Quantcast

Rushmore State News

Saturday, November 23, 2024

South Dakota collects $520 million in sales and gross receipt tax revenue in Q4 2021

Adobestock 224328871

Adobe Stock

Adobe Stock

South Dakota collected $520 million in sales and gross receipt taxes during the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, South Dakota collected $602 million in combined tax revenues in the latest quarter.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

4th Quarter South Dakota Tax Collections

Type of TaxAmount (in millions)
License Taxes$69
Sales and Gross Receipts Taxes$520
Income Taxes$10
Other Taxes$3

MORE NEWS